Fitch gives Wal-Mart notes AA

Fitch Ratings said it assigned AA ratings to Wal-Mart Stores, Inc. $1 billion 4.25% senior unsecured notes due 2013 and $1.5 billion 6.2% senior unsecured notes due 2038.

The proceeds from the issues will be used for general corporate purposes, the agency said.

The outlook is stable.

Fitch added that the ratings reflect Wal-Mart's dominant market position supported by its emphasis on everyday low pricing and a tight cost structure, which allows the company to maintain a solid financial profile.

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